Home / Knowledge / News / Apparel/Garments / Carrefour sales driven by emerging markets in H1
Carrefour sales driven by emerging markets in H1
12
Jul '12
Carrefour announced sales of the First half and second quarter of financial year.

H1 2012 sales:  €43.7 bn, +0.9%, driven by growth in emerging markets, notably in Latin America, where sales rose 5.3% (+8.3% at constant exchange rates).

Q2 2012 sales:  €21.7 bn, broadly stable at -0.3%, supported by sustained growth in emerging markets. Sales trends stabilized in France and Europe.

  • France: Sales down 2.1%, supported by improving food sales but impacted by a fall in non-food sales, notably for seasonal goods. Sales trends at hypermarkets and supermarkets are in line with the expected effects of the action plan. Significant improvement of sales in convenience. Acceleration of Drive roll-out with 125 outlets at end-June.
  • Europe (ex. France): Sales down 3.5% (-2.4% at constant exchange rates), impacted by a depressed consumption environment in Southern Europe. Growth in sales in Belgium.
  • Latin America: Sales up 2.7% (+7.4% at constant exchange rates). In Brazil, Atacadao continued its growth.
  • Asia: Sales up 14% (+1.8% at constant exchange rates), an improvement over the previous quarter. Sales growth in China, driven by expansion.

The first half was marked by three changes in scope:

• End of the franchise agreement with Coop Atlantique effective January 1, 2012

• End of the franchise agreement with Altis effective April 6, 2012

• Integration of Guyenne & Gascogne on June 1, 2012, after the success of the cash tender offer, with a secondary option in shares, followed by a compulsory buyout offer

The calendar effect in France is estimated at -0.6% in the second quarter.

Sales in France fell by 2.1%. The petrol effect is +1.5%, boosted by the success of the "Low Price Guarantee" on petrol launched in  May in hypermarkets. 

LFL sales at Hypermarkets recorded a drop of 3.5% (-5.7% excluding petrol).  Food sales trends improved for the second consecutive quarter. Non-food sales declined, impacted by unfavorable weather conditions that affected apparel and seasonal goods (gardening, camping).

LFL sales at Supermarkets were up 0.8% (-1.4% excluding petrol), with improved food sales. Franchise store activity is up in spite of a high comparable level in the previous year.

The roll-out of Drive accelerated, with the number of outlets rising to 125 at the end of Q2: 67 Drives were opened during the quarter, including 19 in hypermarkets and 48 in supermarkets.

Other formats (especially convenience and cash & carry) recorded sales growth of 4.9%. Excluding petrol, sales grew 3.4% driven by renovated stores. At end-June, the convenience format included 413 City, 348 Contact, 143 Express and 15 Montagne.

Carrefour


Must ReadView All

Courtesy: BekaertDeslee

Textiles | On 23rd Oct 2017

BekaertDeslee to expand North American facility

BekaertDeslee, one of the largest manufacturer of mattress textiles...

Courtesy: A&E

Textiles | On 23rd Oct 2017

A&E unveils Magic using Repreve sewing thread

American & Efird (A&E), a leading developer of industrial and...

Courtesy: Messe Frankfurt

Textiles | On 23rd Oct 2017

Over 4,000 exhibitors attend Intertextile Shanghai 2017

Another successful Intertextile Shanghai Apparel Fabrics has wrapped...

Interviews View All

Amardeep Singh
Orient Craft

'In export markets, the trend in terms of embroidery, is towards matte...

Binoy Ravjani
Hero's Fashion

‘One of the recent trends in hand block printing is the indigo process,...

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Akta Adani
India Boulevard

India Boulevard is a San Francisco-based curated fashion marketplace that...

Sidharth Sinha
Sidharth Sinha

<b>Sidharth Sinha</b> has contributed to the successful rebirth and...

Madhu Jain
Madhu Jain

She grew up in the walled city of Old Delhi, completed her studies, and...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

October 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
77.1%
No
12.9%
Skip
10.0%

Total Votes: 70

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
61.4%
No
28.6%
Skip
10.0%

Total Votes: 70

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
85.7%
No
10.0%
Skip
4.3%

Total Votes: 70

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
75.7%
No
11.4%
Skip
12.9%

Total Votes: 70


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search